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Monte Carlo simulation: Drawing a large number of pseudo-random uniform variables from the interval [0,1] at one time, or once at many different times, and assigning values less than or equal to 0.50 as heads and greater than 0.50 as tails, is a Monte Carlo simulation of the behavior of repeatedly tossing a coin.
GNU MCSim is a simulation and statistical inference tool for algebraic or differential equation systems, optimized for performing Monte Carlo analysis. The software comprises a model generator and a simulation engine: The model generator facilitates structural model definition and maintenance, while keeping execution time short.
GoldSim is dynamic, probabilistic simulation software developed by GoldSim Technology Group. This general-purpose simulator is a hybrid of several simulation approaches, combining an extension of system dynamics with some aspects of discrete event simulation, and embedding the dynamic simulation engine within a Monte Carlo simulation framework.
Analytica is a visual software developed by Lumina Decision Systems for creating, analyzing and communicating quantitative decision models. [1] It combines hierarchical influence diagrams for visual creation and view of models, intelligent arrays for working with multidimensional data, Monte Carlo simulation for analyzing risk and uncertainty, and optimization, including linear and nonlinear ...
Flood Modeller - hydraulic simulation software, used to model potential flooding risk for engineering purposes. GoldSim - simulation software for system dynamics and discrete event simulation, embedded in a Monte Carlo framework. HyperWorks - multi-discipline simulation software; IDA ICE - equation-based software for building performance simulation
In 2004, Intaver launched RiskyProject 1.0 which featured project scheduling, Monte Carlo simulations of project schedules, [7] multiple statistical distributions for task cost and durations, discrete risk event modelling, reporting, and integration with 3rd party project scheduling software. [8]
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